Why Saudi: Seize The Future, Embrace Saudi Vision 2030

The process involves several steps, including obtaining a commercial registration, registering with the Ministry of Commerce and Investment, obtaining any required licenses, and registering for taxes and social insurance. For expert guidance and support throughout the business setup process in Saudi Arabia, contact Prosetup Solutions. We can help you navigate the complexities and ensure a smooth setup for your business in KSA.

The company will be commercially registered within 3 to 4 weeks. The company will be fully established with the General Manager’s Iqama (Saudi Resident Visa) and company bank account within 2 months.

The assigned general manager from your side or a representative would need to travel to KSA after the completion of your commercial registration to complete the Iqama (Saudi Resident Visa) issuance and open your business bank account.

Yes, there are various licenses in KSA tailored to different business activities. To establish a 100% foreign-owned company in Saudi Arabia, you must obtain a MISA (Ministry of Investment Saudi Arabia) License (previously known as SAGIA). To determine the right one for you, consider factors like your business sector and operations. The MISA License has nine subtypes, including the Agricultural, Mining, Industrial, Service, Trading, Real Estate, Professional, Technical Office, and Regional Headquarters licenses.

The Ministry of Investment is a government entity that licenses foreign companies to operate in Saudi Arabia without a local partner. This is a mainland license with 100% foreign ownership. The MISA Investor License is open to companies of all sizes set up in the Kingdom. The most common business activities we license are those in the services sector. Please note certain activities are restricted, such as recruitment, medical, and certain types of consulting (other than management).

A licensed incubator is an organization that supports the growth of new businesses by offering services like office space, mentorship, and funding access. If you're considering business development in KSA, talk to our team to find out if an incubator is right for you.

For Startups:

1. Commercial Registration (Attested by MOFA and the Saudi Embassy)
2. Memorandum of Association (MoA) & Articles of Association (Attested by MOFA and the Saudi Embassy)
3. A letter of intent, a startup brief, and a pitch deck
4. A support letter from a Venture Capital (VC) company or a licensed incubator

For Established Businesses:

1. Commercial Registration (Attested by MOFA and the Saudi Embassy)
2. Memorandum of Association (MoA) & Articles of Association (Attested by MOFA and the Saudi Embassy)
3. An Audited Financial Statement

Saudization is a policy aimed at increasing the employment of Saudi nationals in the private sector. It impacts foreign businesses by requiring them to meet specific quotas for Saudi employees. 

* We have a whole page dedicated to Saudization, backed by our expert team ready to assist you. Click here to visit the page now and unlock the full potential of Saudization for your business.

For expert guidance on navigating Saudization requirements and setting up your business in compliance with Saudi labor laws, contact Prosetup Solutions by clicking here.

Saudi Vision 2030 is a strategic framework aimed at reducing Saudi Arabia's dependence on oil, diversifying its economy, and developing public service sectors. The vision creates new opportunities for foreign businesses, especially in sectors aligned with its goals. Understanding and aligning with Saudi Vision 2030 can be crucial for the success of your expansion efforts in Saudi Arabia.

For expert guidance on how Saudi Vision 2030 may affect your business expansion plans in Saudi Arabia, click here to contact us.

Employers must obtain work visas and residency permits for foreign workers. They are also required to adhere to the country's labor laws and regulations. 

For assistance with obtaining visas and ensuring compliance with labor laws when hiring foreign workers in Saudi Arabia, please contact our team.

We provide honest, seamless solutions and comprehensive support to help you learn about Saudi Arabia and understand your business options. With over 20 years of experience, our team offers 24/7 assistance and multilingual support, ensuring a smooth process from registration to visa services. 

Contact us for a setup tailored to your needs.